Teachers Advisors LLC Invests $516,000 in Cadence Bancorp (CADE)
Teachers Advisors LLC acquired a new position in Cadence Bancorp (NYSE:CADE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,586 shares of the company’s stock, valued at approximately $516,000.
A number of other hedge funds also recently bought and sold shares of CADE. Russell Investments Group Ltd. acquired a new stake in Cadence Bancorp in the second quarter worth about $198,000. Rhumbline Advisers acquired a new stake in Cadence Bancorp in the second quarter worth about $207,000. Schwab Charles Investment Management Inc. acquired a new stake in Cadence Bancorp in the second quarter worth about $368,000. Bank of New York Mellon Corp acquired a new stake in Cadence Bancorp in the second quarter worth about $531,000. Finally, Emerald Advisers Inc. PA acquired a new stake in Cadence Bancorp in the second quarter worth about $1,458,000. 9.29% of the stock is owned by institutional investors and hedge funds.
Shares of Cadence Bancorp (CADE) opened at $22.05 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. Cadence Bancorp has a 1 year low of $20.00 and a 1 year high of $25.49.
COPYRIGHT VIOLATION NOTICE: “Teachers Advisors LLC Invests $516,000 in Cadence Bancorp (CADE)” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/teachers-advisors-llc-invests-516000-in-cadence-bancorp-cade/1697286.html.
Several research firms recently weighed in on CADE. BidaskClub downgraded shares of Cadence Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $26.00 price target on shares of Cadence Bancorp in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Cadence Bancorp from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of Cadence Bancorp in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada assumed coverage on shares of Cadence Bancorp in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $25.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Cadence Bancorp has a consensus rating of “Buy” and a consensus price target of $25.75.
Cadence Bancorp Company Profile
Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.
Receive News & Ratings for Cadence Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.